Oil and Gas Operations Sample Clauses

Oil and Gas Operations. In those instances in which the Company or a Subsidiary serves as operator of a well that is currently a producing well or undergoing drilling operations, it has drilled and completed (if applicable) such well, and operated and produced such well, in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable oil and gas leases and all applicable Laws, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect. All proceeds from the sale of oil, gas and other hydrocarbons produced by the Company or a Subsidiary are being received by the Company or such Subsidiary in a timely manner and are not being held in suspense for any reason (except for amounts, individually or in the aggregate, not in excess of $500,000 and held in suspense in the ordinary course of business).
Oil and Gas Operations. To the best knowledge of Frontier, all xxxxx included in the Oil and Gas Interests of Frontier have been drilled and completed (if applicable), operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on Frontier. Proceeds from the sale of Hydrocarbons produced from Frontier's Oil and Gas Interests are being received by Frontier in a timely manner and are not being held in suspense for any reason (except for amounts, individually or in the aggregate, not in excess of $25,000 and held in suspense in the ordinary course of business). None of Frontier's Oil and Gas Interests are subject to production curtailments, and, to the knowledge of Frontier, no such production curtailment is pending or threatened. Schedule 4.18 sets forth a true and correct copy of Frontier's latest independent third party report regarding its proved developed reserves and all internal reports prepared by Frontier since the date of such third party report.
Oil and Gas Operations. (a) All of the Xxxxx have been (if drilled) drilled and (if completed) completed, operated, and produced in accordance with good oil and gas field practices and in compliance in all material respects with the applicable Leases and Contracts, and applicable Laws and permits; (b) except as set forth in Schedule 3.12(b), proceeds from the sale of Hydrocarbons produced from and attributable to the Assets are being received by Seller in a timely manner and are not being held in suspense for any reason; and (c) none of the Xxxxx have a payout balance which will result in a reduction in Seller’s interest therein after payout occurs.
Oil and Gas Operations. Except as otherwise set forth in the Disclosure Schedule, and except for matters as would not reasonably be expected to result in a Company Material Adverse Effect on the Company, to the knowledge of the Company, all xxxxx included in the Company’s oil and gas interests have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable oil and gas leases, pooling and unit agreements, and applicable laws, rules, regulations, judgments, orders and decrees issued by any court or governmental authority. No well included in the Company’s oil and gas interests is subject to penalties on allowables because of any overproduction or any other violation of applicable laws that would prevent such well from being entitled to its full legal and regular allowable from and after the Closing Date as prescribed by any governmental authority. Except as otherwise set forth in the Disclosure Schedule, to the knowledge of the Company:
Oil and Gas Operations. (a) All xxxxx included in the Oil and Gas Interests have been drilled, and if completed, completed, operated and produced in accordance with prudent oil and gas field practices applicable to the geographical area where located and in compliance in all material respects with applicable Oil and Gas Interests and Hydrocarbon Contracts and applicable Laws governing such xxxxx in the Republic of Kazakhstan and the Russian Federation.
Oil and Gas Operations. Except as otherwise set forth in Exhibit A: ----------------------
Oil and Gas Operations. Except as provided in Schedule 6.22, (i) all Xxxxx operated by Seller or any of its Affiliates have been drilled, completed, operated and produced consistent with past practices and in compliance in all material respects with applicable leases, pooling and unit agreements, joint operating agreements and Laws, except for such practices and non-compliance as have not had, and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect and (ii) Seller has not received any written notices or demands from any Governmental Authority or any other Person to plug any Xxxxx or perform any mechanical integrity tests.
Oil and Gas Operations. Except as provided in Schedule 4.25, all Xxxxx operated by Seller have been drilled, completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases, pooling and unit agreements, joint operating agreements and Laws, except for such practices and non-compliance as have not had, and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.
Oil and Gas Operations. To the knowledge of the Partnership Parties and the directors and officers (and employees with responsibility for oil and gas operational matters) of the Partnership Parties, all xxxxx included in the Oil and Gas Properties have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable oil and gas leases, pooling and unit agreements, and Laws except where the failure to take any such action or comply would not have a Material Adverse Effect on the Partnership or the affected assets. Proceeds from the sale of oil, gas and other hydrocarbons produced from the Oil and Gas Properties are being received by the Operating Company in a timely manner and are not being held in suspense for any reason (except for amounts held in suspense in the Ordinary Course of Business).